Updates, advisories and surprises

(9:31 AM ET) NEW YRK (MarketWatch) -- McGraw-Hill Companies
MHP, +0.00%
on Friday said Lloyd "Buzz" Waterhouse will serve as chief executive officer of McGraw-Hill Education, effective June 14. Waterhouse, 60, worked as chief executive officer of Harcourt Education and also was at IBM
IBM, +0.64%
for 26 years, where he served as general manager of e-business services.

FedEx Freight increasing shipping fees by 6.9%

(8:38 AM ET) NEW YORK (MarketWatch) -- FedEx Corp.
FDX, +0.09%
said its FedEx Freight unit will increase its shipping rates by 6.9%, effective July 9. The rate change applies to FedEx Freight shipments within the contiguous U.S. and between the U.S. and Canada and within Canada. The rate between Mexico and the U.S. will also go up by 6.9% only for packages sent from the U.S.

McDonald's store-sales rise, firm warns on EPS

(8:36 AM ET) NEW YORK (MarketWatch) - McDonald's Corp.
MCD, +0.70%
said on Friday that its global same-store sales grew 3.3% in May but the firm also cautioned that its second-quarter earnings per share will be trimmed 7 cents to 9 cents due to global economic weakness. Analysts polled by FactSet Research currently expect the company to earn $1.41 a shares for the second quarter. In the U.S., same-store sales rose 4.4%. European same-store sales rose 2.9%, driven by the U.K., Russia and France. Sales in Asia, the Middle East and Africa fell 1.7% in May. McDonald's shares fell 2.7% in premarket trade.

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